锡业股份(000960) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 was CNY 10,825,866,691.66, a decrease of 4.42% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 407,851,944.99, an increase of 333.10% year-on-year[3] - Net profit excluding non-recurring items was CNY 395,730,688.25, up 282.45% from the previous year[3] - The company’s basic earnings per share for Q3 2023 was CNY 0.2478, an increase of 333.11% year-on-year[3] - The company achieved operating revenue of CNY 33.658 billion, a year-on-year decrease of 20.18%, and a net profit attributable to shareholders of CNY 1.095 billion, down 18.59% year-on-year[13] - Net profit for the current period is CNY 1,171,722,443.61, a decrease of 20.3% compared to CNY 1,470,217,092.50 in the previous period[20] - Earnings per share for the current period is CNY 0.6655, down from CNY 0.8174 in the previous period[21] Assets and Liabilities - Total assets as of September 30, 2023, were CNY 37,355,350,589.15, reflecting a 1.87% increase from the end of the previous year[3] - Total liabilities amount to CNY 18,857,727,586.70, a slight decrease from CNY 19,348,317,571.09 in the previous period[20] - Total equity attributable to shareholders of the parent company is CNY 6,974,839,436.39, an increase from CNY 6,077,056,706.29 in the previous period[20] - Non-current liabilities total CNY 10,539,041,648.82, up from CNY 9,637,167,471.26 in the previous period[20] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 1,956,179,998.53, down 48.61% year-on-year[3] - The net cash flow from operating activities for the first nine months of 2023 decreased by 48.61% to ¥1,956,179,998.53 compared to ¥3,806,869,746.73 in the same period of 2022, primarily due to a reduction in cash received from sales of goods and services[9] - The net cash flow from investing activities improved by 67.90%, resulting in -¥399,654,583.66, as cash paid for fixed assets and intangible assets decreased[9] - The net cash flow from financing activities improved by 63.65% to -¥1,321,682,755.55, mainly due to a decrease in bank loan repayments[9] - The ending balance of cash and cash equivalents is ¥2,330,947,332.81, compared to ¥3,194,982,358.96 in the previous period[23] Operational Highlights - The company reported a significant increase in prepayments, which rose by 189.53% to CNY 917,227,274.75 due to increased raw material procurement[6] - Long-term receivables increased by 160.34% to CNY 1,181,352,800.08, primarily due to an increase in receivables from financing leases[6] - The company completed routine maintenance of tin smelting equipment in July, with a downtime not exceeding 45 days, and successfully resumed production[14] - The company’s subsidiary passed the provincial health enterprise evaluation on September 21, 2023[15] - The company’s smart factory project won second place in the "Bloom Cup" 5G application competition in the Yunnan region[15] - The company’s subsidiary received the "Runner-up" title for energy efficiency in Yunnan Province for 2023[15] - The company’s innovation project for a tin oxide ore pre-selection method was awarded a national invention patent on October 9, 2023[15] Investment and Income - Investment income increased by 66.69% to ¥148,986,330.24, driven by gains from equity disposals and increased investment income from joint ventures[8] - Other income decreased by 35.74% to ¥57,177,336.84, primarily due to a reduction in government subsidies received[8] - The company reported a 98.20% decrease in asset impairment losses, amounting to -¥17,397,588.40, due to a reduction in inventory write-downs[8] - Fair value change income increased by 118.44% to ¥4,190,524.41, due to increased floating profits from ineffective portions of commodity hedging contracts[8] - Other comprehensive income after tax for the current period is CNY 198,273,429.87, compared to a loss of CNY 468,486,586.80 in the previous period[20]